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Vast quantities of untapped mineral wealth have made Mongolia a target for foreign investors, transforming the country's tiny but fast-growing economy.

In 1990, Mongolia abandoned its 70-year-old Soviet-style one-party system in favour of political and economic reforms and multiparty elections.

This rapid change has taken place against a backdrop of political wrangling and government pledges to tighten control over the country's assets.

Once the heartland of an empire stretching to Europe under Genghis Khan, Mongolia is a landlocked country dominated by sparsely populated steppe and semi-desert.

A third of the population lives in the capital, while around 40% of the country's workforce is nomadic, herding livestock in the extensive pasturelands.
Source: BBC.com